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Sale of partly paid share

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2013 A LTD. ALLOTED PARTLY PAID SHARE TO B LTD. AFTER THAT B LTD. SHOW IN BOOKS PURCHAE OF PARTLY PAID SHARE
MY QUESTION IS

CAN HE SALE THE PARTLY PAID SHARES, IF SALE THEN WHAT WILL BE THE INCOME TAX TREATMENT
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
08 February 2013 Partly paid shares can be sold. There will not be any separate treatment for sale of partly paid shares in IT.
Sale consideration - Cost / Indexed cost of acquisition is chargeable to tax.
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